Press release
Global Robo-advisory Market to be Worth USD 74 Bn by 2023

The global robo-advisory market is predicted to expand a significant 53.8% on a compound annual growth rate (CAGR) basis to reach
February 15, 2019 - Research on Global Markets has announced the addition of a new market research report titled “Global Robo-advisory Market (2018-2023)” to their offering. According to the new report, the global robo-advisory market is predicted to expand a significant 53.8% on a compound annual growth rate (CAGR) basis to reach a value of USD 74 Bn by 2023. Increased focus on automation in the wealth management industry coupled with growing initiatives among industry players to offer enhanced customer experience are deemed to be the growth drivers for this market.
The global robo-advisory market has been segmented based on technology and client asset type. Based on technology, hybrid robo-advisors dominate the market with 89% share owing to rising demand for customized solutions for complex investment needs. Based on client asset types, pension fund assets accounted for 15% market share in 2018 due to growing popularity of funded retirement plans. Insurance companies are a close second with 12% market share in 2018, according to the report.
Research on Global Markets tracks the performance of the global air purifier market across the key geographies of North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is poised to witness a massive 52% market share in 2018, owing to initial traction for automated advisory, and the highest private wealth accumulation in the entire region. Asia-Pacific is expected to be the fastest growing market with a forecasted 61% CAGR during the forecasted period, mainly due to a large number of new investors and flourishing international trade in India and China.
Key highlights of this report:
Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
Qualitative analysis of the drivers and challenges affecting the global market
Major trends in the global robo-advisory market
Analysis of the competitive landscape and profiles of the major players operating in the market
Market segmentation based on types of robo-advisors (pure and hybrid) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Market segmentation based on types of client assets (pension funds, insurance companies, sovereign mutual funds, HNWI and the mass affluent) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Market segmentation based on region (North America, Europe, Asia-Pacific, and The Middle East and Africa)
The report has included some of the key players operating in the global robo-advisory market such as Betterment LLC, Wealthfront Inc, Personal Capital, Nutmeg, Future Advisor, The Vanguard Group, Charles Schwab Corporation, and others.
For more information, download Global Multiplex Biomarker Imaging Market:
https://www.researchonglobalmarkets.com/global-robo-advisory-market-2018-2023.html
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Name: Ejaz Ahmed
Email: ejaz.ahmed@researchonglobalmarkets.com
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